FOREX TradingCharts.com

Financial News: BRAZIL: BNDES Debt Anticipation Is Unlikely In 2018,

BRAZIL: BNDES Debt Anticipation Is Unlikely In 2018, Chairman Says

10/04/2017 - 18:54:00 (RTTNews)

(RTTNews) - The anticipation of a debt payment to the Brazilian government amounting to R$ 147 billion by the country's National Bank for Economic and Social Development (BNDES) is unlikely to occur in 2018, according to Paulo Rabello de Castro, BNDES' chairman, in a speech at the Arab Brazilian Chamber of Commerce.

Rabello stressed that such payment has to be made in installments.

"An anticipation in 2018 is materially unlikely unless we scrape the bottom of the cash register, and we can not have zero cash register," he said. "Part of the money in the BNDES cash register does not belong to the bank. It belongs to third parties, and this needs to be respected. It's not just our resources."

In early September, the government asked the BNDES for an advance payment of R$ 180 billion (US$ 56.9 billion) in loans made to the institution. Last week, the bank anticipated R$ 33 billion related to contracts that would expire in 2051 and 2052.

On Tuesday, the bank's Planning and Research director, Carlos da Costa, said that the BNDES should seek alternative funding sources, which may include external and internal funding, in the case of payment anticipation.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Turkey Consumer Confidence At 8-Month Low (11 min(s), 15 sec(s) ago)
(RTTNews) - Turkey's consumer confidence declined further in October to the weakest level in e ...Full Story»

Denmark Consumer Confidence Falls Slightly In October (43 min(s), 15 sec(s) ago)
(RTTNews) - Denmark's consumer confidence weakened for the third straight month in October, th ...Full Story»

Swiss M3 Rises Most Since Early 2014 (45 min(s), 15 sec(s) ago)
(RTTNews) - Switzerland's money supply increased the most since early 2014, the Swiss National ...Full Story»

Home Prices Increase In Fewer Chinese Cities In September (02 hr(s), 04 min(s), 15 sec(s) ago)
(RTTNews) - Home prices increased in fewer Chinese cities in September, figures from the National ...Full Story»

Singapore Inflation Steady At 0.4% (02 hr(s), 44 min(s), 15 sec(s) ago)
(RTTNews) - Singapore's consumer prices grew at a steady pace in September as higher services ...Full Story»

Japan Leading Index Strengthens More Than Estimated In August (02 hr(s), 51 min(s), 15 sec(s) ago)
(RTTNews) - Japan's leading index improved more than initially estimated in August, latest fig ...Full Story»

South Korea Producer Price Inflation Accelerates In September (03 hr(s), 27 min(s), 15 sec(s) ago)
(RTTNews) - South Korea's producer price inflation accelerated further in September, prelimina ...Full Story»

Squeeze On UK Household Finances Moderate In October (03 hr(s), 56 min(s), 15 sec(s) ago)
(RTTNews) - The squeeze on UK household finances softened in October, data compiled each month by ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Turkey Consumer Confidence At 8-Month Low

10/23/2017 - 03:53 AM (RTTNews)
(RTTNews) - Turkey's consumer confidence declined further in October to the weakest level in e ...Full Story>>

Denmark Consumer Confidence Falls Slightly In October

10/23/2017 - 03:21 AM (RTTNews)
(RTTNews) - Denmark's consumer confidence weakened for the third straight month in October, th ...Full Story>>

Swiss M3 Rises Most Since Early 2014

10/23/2017 - 03:19 AM (RTTNews)
(RTTNews) - Switzerland's money supply increased the most since early 2014, the Swiss National ...Full Story>>

Home Prices Increase In Fewer Chinese Cities In September

10/23/2017 - 02:00 AM (RTTNews)
(RTTNews) - Home prices increased in fewer Chinese cities in September, figures from the National ...Full Story>>

Singapore Inflation Steady At 0.4%

10/23/2017 - 01:20 AM (RTTNews)
(RTTNews) - Singapore's consumer prices grew at a steady pace in September as higher services ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.